Uttam Sugar Mills Ltd allots 6.5% Cumulative Redeemable Preference Shares

Uttam Sugar Mills Ltd has announced that Preference Share Allotment Committee in its meeting held on December 30, 2009 have issued & allotted 5,00,000 6.5% Redeemable Cumulative Preference Shares of Rs. 100/- each for cash at par totaling amount of Rs. 5,00,00,000/- to the entities forming part of Promoter group. Consequently, with effect from December 30, 2009, the Issued and Subscribed Preference Share Capital of the Company stands increased to Rs. 41,60,00,000/- divided into 41,60,000 Redeemable Cumulative Preference Shares of Rs. 100/- each.

The stock was trading at Rs.66.50, up by Rs.1.55 or 2.39%. The stock hit an intraday high of Rs.67.80 and low of Rs.65.

The total traded quantity was 3622 compared to 2 week average of 11421.

Source : Equity Bulls

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